International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit
ocean freight
Logistics elevates Panalpina’s Q1 profit
International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit
Shipping schedule reliability improving
Liner shipping service reliability across the three core East-West trades hit a five-month peak in March with an aggregate on-time performance of 64 per cent, according to Carrier Performance Insight, an online schedule reliability tool provided by Drewry Supply Chain Advisors. Source: Drewry Carrier Performance Insight (http://cpi.drewry.co.uk) The latest result represents an 8.5 percentage point gain over February and is the second best average (after October 2014) since … [Read more...] about Shipping schedule reliability improving
Panalpina more than doubles EBIT
Panalpina finished the year 2014 on expectations. It more than doubled its EBIT to CHF 116.7 million (approx. US$12.90 million) in 2014 compared to the previous year. Consolidated profit jumped from CHF 11.7 million to CHF 86.5 million. Panalpina grew air freight volumes slightly ahead of the market and clearly outperformed the market in ocean freight. Significant progress was made in logistics, with the turnaround ahead of schedule. “In 2014, we executed on our clearly laid out … [Read more...] about Panalpina more than doubles EBIT
Record tonnage volume changed hands in 2014
The reported value of secondhand sales activity totalled US$26.1 billion, up 26 per cent y-o-y. There was interest in the larger sizes and the average size of ship sold reached a record level, London-based market research firm said. Activity at the larger end of the oil tanker sector was particularly strong and 2014 saw a firm increase in the volume of containership tonnage sold year-on-year. “A total of 1,320 vessels of 51.0m GT were reported sold market in 2014, a record in terms … [Read more...] about Record tonnage volume changed hands in 2014
DB Schenker names Gilbert Americas CEO
DB Schenker announced the appointment of Philippe Gilbert to the position of regional CEO, Americas, effective 1 March 2015. Gilbert joined DB Schenker Americas in March 2013 as regional director, Europe West, and has made a significant contribution to the company both strategically and financially over the last two years. He is taking over the CEO role from Heiner Murmann, who is retiring from that position but continuing his 20-year tenure with the company as a member of the Schenker AG global … [Read more...] about DB Schenker names Gilbert Americas CEO
